Which has the lower trailing P/E, MPC or PSX?

MPC has the lower trailing P/E: MPC trades at 20.38 and PSX at 20.47. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MPC or PSX?

Over the past five years, PSX grew revenue faster — MPC at a 14.07% CAGR versus PSX at 15.79%.

Does MPC or PSX pay a bigger dividend?

MPC yields 1.25% and PSX yields 2.38% based on trailing dividends and the latest price.

Is MPC or PSX more profitable?

MPC runs the higher net margin — MPC at 3.41% versus PSX at 3.04%.

How have MPC and PSX total returns compared?

Over the past 10 years, MPC delivered 27.10% and PSX delivered 14.72% annualized total return. Past performance doesn't predict future results.

Marathon Petroleum Corporation (MPC) vs Phillips 66 (PSX)

A side-by-side comparison of Marathon Petroleum Corporation and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

MPC

Marathon Petroleum Corporation

$89.35B

$306.05EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT

PSX

Phillips 66

$82.53B

$205.85EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — MPC vs PSX

growth of $100 · dividends reinvested · last 14y

MPC +2120.0%PSX +876.5%MPC compounded faster

MPC PSX

MPC vs PSX: by the numbers

•MPC is the larger company ($89.35B vs $82.53B market cap).
•MPC trades at the lower trailing earnings multiple (20.38 vs 20.47 P/E), one valuation lens rather than an overall verdict.
•MPC converts more revenue to profit (3.41% vs 3.04% net margin).
•PSX grew revenue faster over the past five years (15.79% vs 14.07% CAGR).
•PSX pays the higher dividend yield (2.38% vs 1.25%).

Metrics side by side

Valuation

Metric	MPC	PSX
P/E ratio	20.38	20.47
Forward P/E	7.86	9.90
P/S ratio	0.68	0.62
P/B ratio	5.50	2.94
PEG ratio	0.39	0.10
EV / EBITDA	12.33	11.26
FCF yield	6.19%	0.14%

Profitability

Metric	MPC	PSX
Gross margin	8.80%	7.04%
Operating margin	5.02%	4.67%
Net margin	3.41%	3.04%
ROE	27.65%	14.45%
ROIC	7.03%	4.75%

Dividends

Metric	MPC	PSX
Dividend yield	1.25%	2.38%
Payout ratio	29.46%	45.57%

Growth (annualized)

Metric	MPC	PSX
Revenue CAGR (5Y)	14.07%	15.79%
EPS CAGR (5Y)	22.12%	8.08%
FCF CAGR (5Y)	30.60%	19.54%
Total return CAGR (5Y)	44.51%	27.16%

Frequently asked

Which has the lower trailing P/E, MPC or PSX?: MPC has the lower trailing P/E: MPC trades at 20.38 and PSX at 20.47. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MPC or PSX?: Over the past five years, PSX grew revenue faster — MPC at a 14.07% CAGR versus PSX at 15.79%.
Does MPC or PSX pay a bigger dividend?: MPC yields 1.25% and PSX yields 2.38% based on trailing dividends and the latest price.
Is MPC or PSX more profitable?: MPC runs the higher net margin — MPC at 3.41% versus PSX at 3.04%.
How have MPC and PSX total returns compared?: Over the past 10 years, MPC delivered 27.10% and PSX delivered 14.72% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MPC analysis Full PSX analysis Interactive comparison tool

Dig into the metrics

Marathon Petroleum P/E ratio Phillips 66 P/E ratio Marathon Petroleum dividend yield Phillips 66 dividend yield Marathon Petroleum ROE Phillips 66 ROE Marathon Petroleum operating margin Phillips 66 operating margin Marathon Petroleum revenue growth Phillips 66 revenue growth Marathon Petroleum free cash flow Phillips 66 free cash flow

Marathon Petroleum & Phillips 66 appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.